Moelis (FRA:17M) Cyclically Adjusted PB Ratio: 7.70 (As of Aug. 07, 2026) — 27% Above Median

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FRA:17M Moelis & Co FRA:17M
81 GF Score
Price €59.50
GF Value €72.75
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Moelis Cyclically Adjusted PB Ratio?

Moelis FRA:17M +0.85% 81 Cyclically Adjusted PB Ratio is 7.70 as of Aug. 07, 2026, which is 27% above its 10-year median of 6.07. GuruFocus rates FRA:17M with a GF Score™ of 81/100 and a GF Value™ of €72.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 609 Capital Markets companies, Moelis ranks worse than 91.13% on this metric.

As of today (2026-08-07), Moelis's current share price is €59.50. Moelis's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €7.73. Moelis's Cyclically Adjusted PB Ratio for today is 7.70.

The historical rank and industry rank for Moelis's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:17M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.17   Med: 6.07   Max: 8.5
Current: 7.25

During the past years, Moelis's highest Cyclically Adjusted PB Ratio was 8.50. The lowest was 3.17. And the median was 6.07.

FRA:17M's Cyclically Adjusted PB Ratio is ranked worse than
91.13% of 609 companies
in the Capital Markets industry
Industry Median: 1.29 vs FRA:17M: 7.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Moelis's adjusted book value per share data for the three months ended in Jun. 2026 was €5.926. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €7.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moelis  (FRA:17M) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Moelis Cyclically Adjusted PB Ratio Related Terms


Moelis Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Moelis's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Moelis Cyclically Adjusted PB Ratio Chart

Moelis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.75 5.83 7.97 7.42

Moelis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.64 7.61 7.42 6.11 7.05

FRA:17M vs PIPR, VIRT, MRX: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Moelis's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Moelis Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Moelis's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Moelis's Cyclically Adjusted PB Ratio falls into.


FRA:17M
81GF Score
Moelis & Co FRA:17M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moelis Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Moelis's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.50/7.73
=7.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Moelis's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Moelis's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.926/333.9520*333.9520
=5.926

Current CPI (Jun. 2026) = 333.9520.

Moelis Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.052 241.428 12.521
201612 9.759 241.432 13.499
201703 9.346 243.801 12.802
201706 8.974 244.955 12.234
201709 8.474 246.819 11.466
201712 8.205 246.524 11.115
201803 6.695 249.554 8.959
201806 7.877 251.989 10.439
201809 6.944 252.439 9.186
201812 7.793 251.233 10.359
201903 6.464 254.202 8.492
201906 6.634 256.143 8.649
201909 7.611 256.759 9.899
201912 7.967 256.974 10.354
202003 7.036 258.115 9.103
202006 6.761 257.797 8.758
202009 7.165 260.280 9.193
202012 6.798 260.474 8.716
202103 6.595 264.877 8.315
202106 5.608 271.696 6.893
202109 7.205 274.310 8.772
202112 6.909 278.802 8.276
202203 6.207 287.504 7.210
202206 6.416 296.311 7.231
202209 6.795 296.808 7.645
202212 6.557 296.797 7.378
202303 5.768 301.836 6.382
202306 5.409 305.109 5.920
202309 5.159 307.789 5.598
202312 4.843 306.746 5.273
202403 4.766 312.332 5.096
202406 4.721 314.175 5.018
202409 4.692 315.301 4.970
202412 5.974 315.605 6.321
202503 6.041 319.799 6.308
202506 6.031 322.561 6.244
202509 6.160 324.800 6.334
202512 6.612 324.054 6.814
202603 5.665 330.213 5.729
202606 5.926 333.952 5.926

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 7.70 mean?
Moelis (FRA:17M) has a Cyclically Adjusted PB Ratio of 7.70 as of Aug. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Moelis and its competitors. This is 27% above median its historical median of 6.07. Over the past decade, Moelis' Cyclically Adjusted PB Ratio has ranged from 3.17 to 8.50. According to the industry distribution chart, Moelis ranks #555 out of 609 companies in the Capital Markets industry, placing it in the top 91.1%.
Is Moelis' Cyclically Adjusted PB Ratio too high?
Moelis' current Cyclically Adjusted PB Ratio of 7.70 is 27% above median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 8.50. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.29. Moelis' value of 7.70 is 496.9% above this industry median. Based on the distribution chart, Moelis ranks #555 out of 609 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Moelis has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Moelis' Cyclically Adjusted PB Ratio compare to PIPR and VIRT?
According to the Capital Markets industry distribution chart, Moelis ranks #555 out of 609 companies for Cyclically Adjusted PB Ratio. This places Moelis in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Moelis' value of 7.70 is 496.9% above this benchmark. Historically, Moelis' own Cyclically Adjusted PB Ratio has ranged from 3.17 to 8.50 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 1.29, Moelis has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.29, based on 609 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Moelis's current Cyclically Adjusted PB Ratio of 7.70 is 496.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Moelis and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moelis's current Cyclically Adjusted PB Ratio is 7.70, which is 27% above median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moelis stock overvalued right now?
Based on GuruFocus' analysis, Moelis (FRA:17M) is currently considered Modestly Undervalued. The stock's GF Value™ is €72.75, compared to a current price of €59.50 — trading 18.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.70, which is 27% above median its 10-year median of 6.07 and 496.9% above the Capital Markets industry median of 1.29. Moelis' overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Moelis (FRA:17M), the current Cyclically Adjusted PB Ratio is 7.70 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Moelis (FRA:17M) Overvalued in 2026?

Based on GuruFocus' analysis, Moelis stock appears to be undervalued. The current stock price of €59.50 is trading 18.2% below its estimated GF Value™ of €72.75. GuruFocus considers Moelis to be Modestly Undervalued.

Key valuation signals for FRA:17M:

  • Cyclically Adjusted PB Ratio: 7.70 (27% above median its 10-year median of 6.07)
  • GF Value™: €72.75 vs. price of €59.50 (18.2% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 496.9% above the Capital Markets median (#555 of 609)

No single metric tells the full story. See the FRA:17M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moelis Business Description

Other Exchanges MC:USA
Address 399 Park Avenue, 4th Floor, New York, NY, USA, 10022
Moelis & Co is an independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds. The company assists its clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all industry sectors. It also advises clients on their critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It generates revenue from advisory transactions. The firm derives a majority of its revenue from the United States, followed by Europe and the rest of the World.
81GF Score

Get the complete analysis for FRA:17M

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€59.50
Price
€72.75
GF Value